GBPCAD weekly breakdownHello hello! After a bearish year for GBPCAD , it finally shifts on a weekly perspective, breaking the Moving Averages & EMAs finally crossed. For the past 3 weeks we saw a strong impulse on this pair, now waiting for a slow correction that can be followed by another strong impulse upwards. Moreover, the Commitment Of Traders data shows confluence on this analysis, GBP becoming stronger while CAD weakening.
We now have to wait in order to see a correction, and only after that we can be looking for an entrance!
Emacrossover
NASDAQ 100 PREDICTION FOR 14-11-2022 Dear trader our prediction for today depend on the the chart analysis 1h , d , 15m
We find the price had moved up a lot without correction and now it make a consolidate for correction in important resistance the price try to break it many time but can't so if the price still not break this resistance then ,, we advice you to be ready to take short position until next support as you see in the chart
Also all the indicators give us same analysis
Be careful today the market not clear until now
GDX gold miner ETF setting up LONGAMEX:GDX
Based on the 4H chart as well as the price action of spot gold
using an EMA ribbon cross-over as well as the volume profile,
I have set up a long trade with two upside targets of about
10 and 20 % upside respectively with a stop loss of about
4% which would be adjusted as soon as the price rises above
$ 27 to move the stop loss to the entry price making for
a breakeven free trade after that. Overall, spot gold
is sitting on support with a bullish RSI divergent pattern.
I also see GDX as a candidate for the intermediate term
call options out of the money about 15% above the current
price being between the two targets.
TIEwatching res lines and interaction with TL. DMI looks pretty good though not overly bullish yet. 21 ema about to cross above the 200
BABA LONGKeltner Channel is looking upward which is typically a good set up for long position.
RSI just bounced back from level 50 and is going to cross the signal line again. Hopefully aiming for the overbought zone.
MACD seems to be losing strength but always above the signal line.
Moreover having a look at EMA we can see that 6EMA crossed up 18EMA which crossed up the 50EMA. It could be a hint bullish momentum.
Stochastic and Bollinger bands seem to confirm previous situation.
We put the entry price above yesterdays closing price just to have some margin because of the premarket price which is at 106.6 at the moment while writing.
ENTRY: 107 YELLOW
SL: 100.73 RED
TP: 119.5 GREEN
[Signal] AUDUSD: Bear-ing on Growth
Pair: FX:AUDUSD
Timeframe: H4
Direction: Short
Technical Confluences for Trade:
- Price action went below mid of Parallel Channel
- Stochastic Overbought momentum
- Wide EMA gap
- Resistance ceiling can be seen at the previous high levels
Fundamental Confluences for Trade:
- Growth outlook is slowly weakening across the globe due to high prices
- Weakening purchasing power will sap demand for commodities and Australia is considered as a commodity currency
Suggested Trade:
Entry @ Area of Interest 0.7200 - 0.7250
SL: 0.7291
TP1: 0.7110
TP2: 0.7065
RR: Approx. 2.27 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
TQQQ Wants to "Get up!" the Charts Like James Brown's "Get Up" TQQQ Wants to "Get up!" the Charts Like James Brown's "Get Up"
Patterns Identified- Double Bottom and Falling Wedge. Both patterns show on the weekly, daily and four hour timeframes!
Day Low- 31.76 (This is where the double bottom rests)
9MA recently crossed above the 21 MA on the daily timeframe.
Therefore, I am bullish on TQQQ and prepared to dance to "Get Up" like JB if my analysis proves true.
I will enter a swing position for a move to the upside AFTER after a break above 33.49.
"Get Up!",
MrALtrades00
Comparison of BTC bear markets (2015,2018,2022)There are 3 charts of the BTC/USD Index where you can see 200 days EMA - blue line (moving average exponential) and 365 days EMA - black line. In all three scenarios, we can see the crossover of both EMAs which means to be a very strong bearish signal.
In 2015 after the beginning of the second BTC bear market in DEC 2013, we got an 85% drop-down in the price and it lasted 403 days. After the bottom in JAN 2015, BTC tried to recover and it was showing a nice buying power but bears were fully controlling the market at that time and BTC declined again in AUG 2015 where was created a Double Bottom figure.
But most interesting for us is that after the crossover of 200 and 365 EMAs the price decreased by 53% in NOV-DEC 2014.
2018 was a third bear market which started in DEC 2017 with an 83-84% drop-down in the price and it lasted 362 days. In this cycle, we can see the same situation with the crossover as in the second bear market.
In the present time on the chart, we got exactly what was previously twice and it could lead to a new strong movement down to 13000 - 14000 price level.
May the profit be with you!
Economic Bubbles and EMA 100/200 seems to be playing outThe Ethereum chart seems to be following the analysis provided at April 7th where the 20 EMA dropped down below 200 EMA and is continuing downwards towards the 100 EMA and the 50 EMA signalling continuation of this analysis provided on April 7th.
ETH has so far dropped from April 3rd to its point now by 17% and from April 7th by almost 10%.
This is not financial advice.
RUNE/USDT double top playing out The RUNE/USDT has showed a double top pattern on the 4H chart and is likely to play out on the longer time frames.
This follows a likely price drop from 9.29 USDT to 7.38 USDT. A drop in 20%.
This also follows a rejection from the EMA lines and the RSI shows signs of being overbought.
Here has the analysis showed sign of playing out on the daily time frame.
No financial advice.
2022-04-07 OPULUSDT Finding a Bottom & Looking to LongSome thoughts on OPULUSDT:
Daily: showing signs of a change in fortune. 10/20 EMA cradle has turned bullish.
12hr: looking very positive as well. Broken through the 100EMA and is retesting the 10/20EMA for a new support level.
4hr: Couple of shots of the 4hr showing possible targets if the $1 boundary (black line) is broken.
1hr: Showing signs of needing a bit of a cool off on the lower timeframes. I've marked areas of interest for taking a long entry.
Economic Bubbles and EMA 100/200Here is an BTC analysis of the current price drop, and based on the Theory of Financial Bubbles can we spot three bubble ish formations in the past years.
The three points in time this analysis sees are the bubbles in 2018 when the price drop followed by a pump to the upside, not as high as the previous high but this was followed by a drastic drop
The market followed the economic bubble theory with a peak which followed by a price drop, by the time the price started to stabilize itself did investors take profit and the price crashed into a panic sell off.
The second point in time this happened was the start of the Covid pandemic which caused the price to follow this same movement to its low.
Now in 2022 can we see this similar movement where the price has started to drop which will continue downwards and after this initial downtrend will the price pump slightly upwards where investors take profit and after this pump will the price crash. Following the Financial Bubble Theory.
Something we trader also need to take into account which may confirm this analysis is the movement in in EMA 100 which during these three points in time crossed down below the EMA 200.
Entry Price: 3200 USD
Target Price 1: 2500 USD
Target Price 2: 2100 USD
Target Price 3: 1700 USD
When taking this position do we need to focus on the initial drop and when the price pumps upwards do need to take into account for the downwards sloping resistance line, if the price breaks the trend line to the upside is the trend likely to reverse and do a final longer push.
This assumption is less likely to happen, as the general price trend is a take profit zone before the price hits the panic zone and its final drop off.
This pump from the initial low may have already happened in the case of BTC, which we did not see in ETH yet. Meaning that the price now touched the downwards sloping resistance before continuing downwards.
Together with a negative price strength, an EMA 100 below the EMA 200 and the price doing its second pump into the take profit zone before the drastic drop can we build a theory which looks negative.
This is not financial advice.
Economic Bubbles and EMA 100/200Here is an ETH analysis of the current price drop, and based on the Theory of Financial Bubbles can we spot three bubble ish formations in the past years.
The three points in time this analysis sees are the bubbles in 2018 when the price drop followed by a pump to the upside, not as high as the previous high but this was followed by a drastic drop
The market followed the economic bubble theory with a peak which followed by a price drop, by the time the price started to stabilize itself did investors take profit and the price crashed into a panic sell off.
The second point in time this happened was the start of the Covid pandemic which caused the price to follow this same movement to its low.
Now in 2022 can we see this similar movement where the price has started to drop which will continue downwards and after this initial downtrend will the price pump slightly upwards where investors take profit and after this pump will the price crash. Following the Financial Bubble Theory.
Something we trader also need to take into account which may confirm this analysis is the movement in in EMA 100 which during these three points in time crossed down below the EMA 200.
Entry Price: 3200 USD
Target Price 1: 2500 USD
Target Price 2: 2100 USD
Target Price 3: 1700 USD
When taking this position do we need to focus on the initial drop and when the price pumps upwards do need to take into account for the downwards sloping resistance line, if the price breaks the trend line to the upside is the trend likely to reverse and do a final longer push.
This assumption is less likely to happen, as the general price trend is a take profit zone before the price hits the panic zone and its final drop off.
This is not financial advice.
$SOL Swing Long Breaks Through Downward Wedge (TP Targets)Congrats to those who did enter Solana as it nearly retraced exactly to the 0.5 fib level.
This breakout has the potential to go move back up to the $250 zones. With the 20 EMA close to crossing over the 50 EMA and 200 EMA, Solana can potentially range between $500 to $1000 In the next upcoming months or year.
Those who entered around the 0.5 level, maybe slightly higher, or even on the break out are now over 60% in profits.
Targets for $SOL: 111.10 - 125.26 - 143.83 - 171.48 - 208.23 +
SL: Move your stop losses to 97.5
We could potentially see a move down to the 100 - 110 area however if the daily closes above the 200 days EMA, expect SOL to continue moving up even higher than its current price.
SPX EMA Buying IndicationSPX has seen 6 instances since 2003 where the 100 EMA has crossed below the 200 EMA.
With the majority of these identifying an optimal buy/entry point, with the strategy to look consider the depth of retracement and to scale into positions for optimal ROI once the market recovers.
The only major time where this was not close to the lowest retracement point was follwoing the housing market bubble which saw the 100 EMA remain below the 200 EMA for approx. 600 days with the optimal buy zone occurring 2/3 of the way through around 190 days before the 100 EMA crossed above.
#1. 20% Oct-Dec 2018, 100 EMA below 200 EMA approx 80 days from mid-Dec 2018 to mid-Mar 2019
#2. -35% Feb to Mar 2020, 100 EMA below 200 EMA approx 80 days late-Mar 2020 to mid-June
#3. -58% Oct 2007 to Mar 2009, 100 EMA below 200 EMA approx 600 days from Jan 2008 to Sep 2009. Lowest point was approx 190 days from 100 EMA crossing back above 200 EMA
Other periods to consider where 100 EMA crossed below 200 EMA:
Jan to Apr 2016
Sep to Nov 2015
Sep 2011 to Jan 2012
NOTE:
- THE CURRENT MACRO ENVIRONMENT REFLECTS A DEEP RECESSION IS LIKELY BASED ON COMMODITIES AS WELL AS THE BREADTH OF ASSETS & EQUITIES WITH VALUATIONS AT OR NEAR ATH'S.
- Correction likely to be similar if not deeper than what was realized when the housing market collapsed in 2008 given the more widespread high prices driven by absurd amounts of excess money supply with rates at/near zero.
Ford seems to be finding a bottomFord Motor Company F
Areas of interest:
Consolidation:
1) $19-20.50
2) 17.52-18.59
Breakup at $21.50
Breakdown at $16.49
Recent overhead gap between $18.46-19.89
Reversal candles seem to be appearing in the lower consolidation zone (2) on the 3 day chart - almost looking like an inverted hammer but not enough wick to truly label them as such.
Indicators show us on the 3 DAY chart:
Currently trading below the 12 and 26 EMA
The 12 is above the 26 but appear to be attempting to cross soon if bears take control and push the stock price below consolidation 2 (listed above)
Currently trading above the 50 MA
The 50 MA recently has acted as support and seems to have help stabilize the stocks price into consolidation for the past 1.5 weeks of trading
Observations from a bull and bear side:
As a bull, I (obviously) want to see the 50 MA hold and to see divergence of the 12 and 26 EMA (to the upside) to shake any fears of a potential cross under (12 under 26). Recapturing $19 would be my first target. A break and hold of this level will signify an attempt by the buyers to send the price of Ford back to its consolidation zone. This is needed in order for Ford to breakout and create NEW structure. The previous attempt was rejected as the price moved too fast to levels not seen in 20 years. Remember, there is such thing as a 20 year bag holder. Employees, insiders, investors, retail, shorts, etc. A blue chip company like this needs to gradually climb, in stairstep manor, creating small consolidation periods where the market accepts small movements one at a time. That said, I would love to see Ford make use of its previous consolidation zone to prep for the next level. In my opinion, this would be $21.50-22.50.
As a bear, a break below the 50 MA while considering the breakdown level of $16.73 should be watched. A break below 16.49 would potentially send Ford down to it's PREVIOUS structure between $12.38-16.49. I want to highlight this only to prep for the potential this could happen -imo it is unlikely unless the entire market continues to slide further into a true recession/crash. For this fact alone, either selling covered calls at this breakdown level or buying puts would be a good way for Ford longs to fight against this scenario.
Most recent news - I will makes this as UNBIASED as possible:
1. (RUMOR) - "Ford is considering separating its electric vehicle business from its legacy operations, Bloomberg reported Friday."
www.thestreet.com
2. (Heavy Bullish Opinion Piece) - "The legacy automaker has copied from its great rival a method which makes it possible to have updated cars regularly and to reduce costs."
www.thestreet.com
3. (Bearish Facts, sorry Bulls) - "New Broncos Are Reportedly Sitting Undelivered Due to Chip Shortage"
www.roadandtrack.com
4. (Interesting way to approach safety) - "Ford’s latest road safety idea? In-car sounds of pedestrians and bike bells"
road.cc
5. (Counter to #1) - "“We have no plans to spin off our battery electric-vehicle business or our traditional ICE business.”
www.barrons.com
6. (Consumer Report top EV pick awarded to Ford) "Ford Mustang Mach-E Is Consumer Reports' EV Top Pick. The Tesla Model 3 won the award for the last two consecutive years."
insideevs.com
7. (DON'T count out NASCAR, man) www.nascar.com
8. (New turbocharged inline-4 SUV) - www.motorauthority.com
9. (Not sure how this will play out, probably BAD PR tbh) - "Ford says it's working with unvaccinated salaried employees before rolling out unpaid leave plan"
www.wxyz.com
10. (Ford building new plants) -
www.autonews.com
11. (Fords push to EV and battery solutions) - "Ford, Volvo join Redwood in EV battery recycling push in California" www.reuters.com
SHIB reaching breakout levelsBINANCEUS:SHIBUSDT
SHIB seems to be throwing me a buy signal on the Hiekin Ashi chart using the 12/26 EMA crossover
Using the daily chart only as a starting point to reduce the view down to the 1 and 4 hr chart
You can see on the daily that the EMA cross has happened (as long as this daily candle holds bullish)
A daily bullish candle close at current levels would be the 3rd day in a row of bullish candles above previous resistance - a cup and handle pattern will not be looked for imo
Going down to the 1 and 4 hr chart:
We can see a crossover on the 4th of Feb
There is also a crossover on the 1 hr on the 9th of Feb
All crossover proceeded by bullish candles
All bearish candles respecting the 12 EMA and bouncing
There are 3 patterns I see being formed and respected, all wedges: a wedge within a wedge within a wedge
IMO it is too early to tell if the smaller(more micro/local) wedges will assist in breaking resistance of the macro wedge
It is possible that the larger wedge may need more time before an official break
STM - is it about to start a new EW pattern and breakout?EURONEXT:STM
Might be a potential swing here. Currently trading at 4x its ATR and 4x its relative volume in the past 30min. Chart looks promising for bulls IMO. Support is the 200 MA on the daily so stop loss is TIGHT right now but the upside would be 52 if $46 is broken and held. I would look to NVDA and AMD though to see how the market is going to react to the semiconductor industry for context. Also a possible corrective wave C just ended and we are about to begin a new EW pattern.
BBIG on a breakout? Testing 200 MA?Wedge 1, retracement after run up, break out of pattern using underlying support, bounce off 200 MA, 12/26 EMA crossover, run up
Wedge 2, retracement after run up, breakout of pattern using underlying support, bounce off 200 MA, 12/26 EMA crossover, run up
Wedge 3, retracement after run up, breakout of pattern using underlying support, 12/26 EMA cross over possibly coming, this time trading under 200 MA
200 MA major resistance but a break above is BULLISH to me - look for golden cross if bulls maintain control.